What is another word for covered option?
Pronunciation: [kˈʌvəd ˈɒpʃən] (IPA) 
A covered option is a financial option where the seller of the option owns the underlying security. This means that the seller is able to fulfill the option contract if it is exercised by the buyer. There are several synonyms for the term "covered option" that can be used interchangeably. These include "covered call," "covered write," and "buy-write." Each of these terms refers to the same basic concept of the seller of the option owning the underlying security. While these terms may be used in different contexts, they all refer to the same basic idea of a covered option in the financial markets.
